HOUSTON, June 15, 2017 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NASDAQ:NCSM) is scheduled to join the Russell 3000® Index, effective after the US market opens on June 26 according to a preliminary list of additions posted June 9.
NCS’s Chief Executive Officer, Robert Nipper, commented, “We believe that joining the Russell 3000® Index will drive increased awareness for our Company among the investment community, while providing additional liquidity in our shares and the opportunity to add value for our shareholders.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s US indexes. Each June, the Russell US Indexes are realigned and recalibrated to reflect market changes in the past year. The final index membership lists will be posted online at www.ftserussell.com, on Monday, June 26.
NCS Multistage Holdings, Inc. is a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well completions and field development strategies. The Company provides products and services to exploration and production companies for use in horizontal wells in unconventional oil and natural gas formations throughout North America and in selected international markets, including Argentina, China and Russia. The Company’s common stock is traded on the NASDAQ Global Select Market under the symbol “NCSM.” Additional information is available on the Company’s website, www.ncsmultistage.com.
Forward Looking Statements
This press release contains forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding inclusion in the Russell index identified above. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to the factors discussed or referenced in our filings made from time to time with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact: Ryan Hummer Chief Financial Officer (281) 453-2222 IR@ncsmultistage.com